( Yesterday close ) Chart courtesy of stockcharts

LVS shares were down nearly 3% on yesterday session closing below its major support of $70. Stock has been in a corrective phase since the beginning of this year along with the rest of the US equities. LVS was a nice play on the short side after have broken the support line this week, however it looks like there is more downside here. Short term momentum indicators, like MACD, RSI, Stochastics are substantially oversold but have yet to show technical signs of a recovery. Stay tuned on her.

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